Award winning fund

Lannebo Europe Small Cap was awarded “Rookie Fund of the Year” by Privata Affärer and “Newcomer of the Year” by for its 2017 management results.
båda loggorna

Lannebo Europe Small Cap was launched in October 2016 and is managed by Carsten Dehn and Ulrik Ellesgaard, both of whom have extensive experience in active fund management with a focus on European small caps. During 2017, the fund returned 27.4 per cent, which is five percentage points better than the benchmark index.*

The Swedish magazine Privata Affärer awarded Lannebo Europe Small Cap “Rookie Fund of the Year” based on the following motivation:

“Continuing success in a new formula.”

The fund market selected the year’s award winners following an evaluation of 1,800 funds. In January, Lannebo Europe Small Cap was awarded “Newcomer of the Year” with the following motivation:

“A fund whose managers on two previous occasions has received awards from us, now with a new employer, launched a new fund with the same management concept in the fall of 2016. The fund’s management results have also been successful in 2017. This fund invests in European small and medium-sized listed companies. We look forward to following the duo’s successful investment strategy and hereby appoint the fund as the Newcomer of the Year.”

Carsten Dehn and Ulrik Ellesgaard: how do you explain the fund’s strong results?
– 90 per cent of our excess return comes from stock picking – so there is no single sector that has accounted for the return. We have a highly structured process, with a long-term perspective, for choosing shares, and we are equally as strict and disciplined when divesting shares, says Carsten Dehn.

– An important aspect to our returns is that we avoid land mines, adds Ulrik Ellesgaard and explains:

– We work meticulously with fundamental analysis and we avoid companies with high indebtedness or financial problems. If we find that a portfolio company’s strategy or business model does not work, we are quick to sell. Our divestment discipline is as strict as our buying process.

Read more about the fund here and in the latest monthly report.

Ulrik Ellesgaard and Carsten Dehn

* Return after fees for the full year 2017 (01-01-2017 to 31-12-2017) 27.4 per cent. Benchmark index MSCI Europe Small Cap Index 22.1 per cent (01-01-2017 to 31-12-2017). The fund’s start date was 2016-10-17. Return since start (per 31-12-2017) 24.7 per cent. Benchmark index 27.3 per cent (17-10-2016 to 31-12-2017).

Related articles

Öhman new main owner in Lannebo Fonder

When Öhman becomes the new main owner of Lannebo Fonder, the result will be the Nordic region's largest independent fund manager and an even more powerful offering to customers. "The companies are a perfect fit...

Read more

Strong start for Lannebo Europe Green Transition

September was another negative month for the stock market. But Lannebo Europe Green Transition has nevertheless got off to a good start. "Falling prices always mean opportunities," say the managers....

Read more

Lannebo launches fund focusing on Europe’s green transition

September sees the launch of the Lannebo Europe Green Transition Article 9. An UCITS equity fund that will invest in small and mid caps that contribute to Europe's green transition....

Read more

New director of institutional sales in Denmark: Philip Garde

Philip Garde is leading the efforts to reach out to institutional investors in the Danish market....

Read more

Lannebo Recruits new head of sustainability from Nordea

Lannebo recruits Katarina Hammar as new Head of Sustainability and Corporate Governance. She joins from Nordea Asset Management, where she was Head of Active Ownership. ...

Read more

Lannebo Sustainable Nordic Equities fund awarded by Lipper

Lannebo Norden Hållbar was awarded as the best Nordic Equities strategy by Refinitiv Lipper. "We've had the courage to go our own way", fund manager Charlotta Faxén says....

Read more

Small caps for the long term

Investments in small caps has been at the heart of Lannebo's management since the company was founded two decades ago. Today the successful strategy is headed by Per Trygg. A fund manager who has his...

Read more

Lannebo Räntefond Kort awarded “Best swedish fixed income fund”

Focus on risk and stability makes Lannebo Räntefond Kort the best swedish bond fund in 2021, according to Fondmarknaden. ...

Read more

Citywire: “Nordic apetite for bite-sized businesses”

Per Trygg manager of the small cap equity fund Lannebo Småbolag interviewed in Citywire. ...

Read more

Lannebo recruits Jessica Malmfors as the new CEO

Lannebos board of directors appoints Jessica Malmfors as new CEO. Jessica Malmfors most recently served as CEO of Nordea Investment Management. ...

Read more